$Twitter(TWTR)$ Twitter, Inc. (TWTR) Upgraded by Vetr Inc. to Strong-Buy Vetr upgraded shares of Twitter, Inc. (NYSE:TWTR) from a buy rating to a strong-buy rating in a report released on Monday, June 12th. Vetr currently has $19.17 target price on the social networking company’s stock.
A number of other analysts also recently issued reports on the stock. Jefferies Group LLC reissued a buy rating and set a $20.00 price target on shares of Twitter in a report on Thursday, March 23rd. Zacks Investment Research raised shares of Twitter from a hold rating to a strong-buy rating and set a $18.00 price target on the stock in a report on Friday, April 28th. Aegis reaffirmed a sell rating and set a $12.00 price objective on shares of Twitter in a report on Thursday, April 13th. Barclays PLC reaffirmed an underweight rating and set a $14.00 price objective on shares of Twitter in a report on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $20.00 price objective on shares of Twitter in a report on Friday, April 28th. Seventeen analysts have rated the stock with a sell rating, twenty-three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $15.82.
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Shares of Twitter (NYSE TWTR) opened at 16.91 on Monday. The company’s market capitalization is $12.27 billion. Twitter has a 12 month low of $14.12 and a 12 month high of $25.25. The stock’s 50 day moving average is $18.01 and its 200 day moving average is $16.74.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Wednesday, April 26th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.27. Twitter had a negative net margin of 17.67% and a negative return on equity of 4.23%. The firm had revenue of $548 million for the quarter, compared to the consensus estimate of $513.04 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, equities analysts predict that Twitter will post $0.33 EPS for the current fiscal year.
In other news, Director Evan Clark Williams sold 276,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $16.84, for a total transaction of $4,647,840.00. Following the completion of the transaction, the director now owns 2,816,819 shares of the company’s stock, valued at approximately $47,435,231.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Kaiden sold 4,569 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $17.35, for a total transaction of $79,272.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,971,445 shares of company stock valued at $33,742,431. Corporate insiders own 9.18% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its position in Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock worth $550,249,000 after buying an additional 5,561,940 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Twitter by 14.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 121,160 shares of the social networking company’s stock worth $1,811,000 after buying an additional 15,441 shares in the last quarter. Bedell Frazier Investment Counseling LLC increased its position in Twitter by 10.7% in the first quarter. Bedell Frazier Investment Counseling LLC now owns 254,231 shares of the social networking company’s stock worth $3,801,000 after buying an additional 24,570 shares in the last quarter. Achmea Investment Management B.V. bought a new position in Twitter during the first quarter worth approximately $221,000. Finally, FNY Managed Accounts LLC increased its position in Twitter by 40.0% in the first quarter. FNY Managed Accounts LLC now owns 21,000 shares of the social networking company’s stock worth $313,000 after buying an additional 6,000 shares in the last quarter. 51.67% of the stock is owned by institutional investors.
Twitter Company Profile
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
To view Vetr’s full report, visit Vetr’s official website.